New research and reports from former consumer watchdog head Allan Fels are highlighting the issue of price gouging and unfair pricing practices in various sectors in Australia. Qantas Airways, banks, supermarkets, energy providers, and airlines are accused of exploiting their market power to push for bigger profits. The government is being urged to step in to stop unlawful pricing practices and foreign ownership of homes is set to face increased fees amid a worsening housing crisis affecting Australians.
Qantas not only has engaged in price gouging but has been protected by government policy, a scathing report by Professor Allan Fels says. https://t.co/nlfWcIJMmN
Australians are being ripped off by banks, supermarkets, energy providers and airlines, all accused of exploiting their market power to push for bigger profits. https://t.co/b3nAU1J7dw @ChrisReason7 #7NEWS https://t.co/eMIcM0uXGI
ANALYSIS: The cost of new and second hand vehicles has sky-rocketed, adding to cost-of-living pressures already being experienced by most Australians. This is the reason, writes Vinh Thai. https://t.co/Y6hjPyr0HX
The former chair of the ACCC takes aim at electricity providers, banks, airlines, supermarkets, and other big businesses in his new report on price gouging and unfair pricing practices. https://t.co/JPPiwG3aOV
The Albanese government is set to crack down on foreign ownership by increasing fees on foreign nationals who are buying homes amid a worsening housing crisis affecting Australians. https://t.co/1yCRllsUtA
Coles points to rising wages and energy costs as well as increased prices from its suppliers as some of the reasons for painful increases to supermarket prices, as it offers its defence to a federal inquiry into the issue. https://t.co/JmQwbXSZJX
Australians are being overcharged for everything from energy to groceries, childcare and airfares and the government must step in to stop unlawful pricing practices, former consumer watchdog head Allan Fels has concluded. https://t.co/Y5I17tMb3N
Qantas Airways exploits its dominance of the Australian air-travel market to charge passengers excessively high fares, according to an inquiry into unfair pricing by the country’s former antitrust chief https://t.co/pksJrU8RZJ
The former chair of the ACCC takes aim at electricity providers, banks, airlines, supermarkets, and other big businesses in his new report on price gouging and unfair pricing practices. #abc730 https://t.co/uUTI72CFfD
New research is sounding the alarm over government real estate interventions that exacerbate existing housing market pressures > https://t.co/rtcc30nJej https://t.co/bQlpXOR7xs